BRICS 2017 Modi in China to Meet XI Jinping for the Summit
XIAMEN: The five BRICS nations hold their annual summit in China on Monday under the
shadow of a Sino-Indian border spat and growing questions about the grouping's relevance.
BRICS -- Brazil, Russia, India, China and South Africa -- was formed to allow the biggest
emerging economies representing more than 40 percent of humanity to form a united front
in a world whose trade and finance rules were written by the West.
But the bloc seems no closer to that goal as President Xi Jinping convenes its ninth
summit in the southeastern Chinese city of Xiamen.
Lumping together far-flung and vastly different political and economic systems, BRICS has
long been viewed by many as contrived, its members' priorities diverging while its list
of significant achievements remains modest.
"It's really tough to see how BRICS is any type of coherent anything.
What do they have in common?" said Christopher Balding, a Peking University economics professor.
"Economically, trade-wise, financially, they all do things very differently.
It's difficult to see any room for overlap."
BRICS includes Communist-ruled China, authoritarian Russia and the democracies of India, Brazil
and South Africa; China's economic powerhouse, a rising India, and Russian, Brazilian and
South African economies hit hard by weak prices of export commodities.
Brazilian President Michel Temer and South Africa's Jacob Zuma, meanwhile, arrive distracted
by political turmoil at home.
A major threat to BRICS comity lies in tension between nuclear-armed China and India, who
recently locked horns over a disputed Himalayan border region.
A full-blown crisis was averted as they backed off last week -- perhaps to avoid sullying
the summit -- but it left a bitter aftertaste.
Foreign Minister Wang Yi pointedly said Wednesday that China hopes India will "learn lessons
from this incident and prevent similar things from happening again".
There is also mistrust over China's ally Pakistan, which Indian Prime Minister Narendra Modi
-- who also will attend -- has labelled a font of terrorism.
Modi snubbed a separate summit called by Xi in May to promote the Chinese leader's vision
of reinvigorated ancient east-west trading routes, which is seen by many analysts as
a Chinese geopolitical power play.
Expect a muted BRICS summit as participants tread on eggshells to prevent exposing divisions,
said Shi Yinhong, an international relations professor with Beijing's Renmin University.
"BRICS envisioned quite a hopeful direction for the future but so far has had very limited
influence on world politics and economics," Shi said.
"Under these circumstances, they will try not to do what they can't, and try not to
say what they shouldn't."
Analysts say BRICS achievements to date are largely limited to low-hanging fruit on institutional
cooperation.
Perhaps its biggest success was the 2016 establishment of the Shanghai-based New Development Bank,
envisioned as the developing world's World Bank, but many economists doubt it will be
influential.
Meanwhile, trade within the bloc is heavily tilted in China's favour, fuelling some of
the same complaints about Chinese trade practices that are voiced by the United States and others.
India alone has lodged several trade cases against China this year.
Bilateral meetings including Xi-Putin talks expected late Sunday could touch on other
international issues, concerns over North Korea.
But Chinese foreign minister Wang denied suggestions the summit would be overshadowed by such bigger
issues.
"Maybe some countries are not interested (in the summit), but that doesn't matter," Wang
told reporters in Beijing last week, "BRICS cooperation will continue to move forward."
In Washington US President Donald Trump today called North Korea a "great threat and embarrassment"
to China and warned that "appeasement" won't work with Pyongyang, after the reclusive nation
carried out its biggest nuclear test.
"North Korea has conducted a major nuclear test.
Their words and actions continue to be very hostile and dangerous to the United States,"
Trump tweeted.
"North Korea is a rogue nation which has become a great threat and embarrassment to China,
which is trying to help but with little success," he said in another tweet.
The North today claimed it has successfully tested a hydrogen bomb meant to be loaded
onto an intercontinental ballistic missile.
It was Pyongyang's sixth, and most powerful, nuclear test, which was set to raise tension
in the region.
North Korea last carried out a nuclear test in September 2016.
It has defied UN sanctions to develop nuclear weapons and to test missiles which could potentially
reach the mainland US.
Last month, North Korea threatened to launch missiles near the US Pacific territory of
Guam after Trump said Pyongyang would face "fire and fury" if it threatened the US.
Those threats have not deterred the North's nuclear weapons programme.
Trump today indicated he favours tougher approach against Pyongyang to curtail its nuclear programme.
"South Korea is finding, as I have told them, that their talk of appeasement with North
Korea will not work, they only understand one thing!" Trump said.
Last week, North Korea flew a medium-range ballistic missile over Japan, prompting the
government in Tokyo to warn residents to take cover.
Earlier today, Trump and Japanese Prime Minister Shinzo Abe discussed the growing North Korean
threat.
A readout of their conversation, however, did not say whether the phone call - the third
between the two leaders in less than a week - happened before or after the North's latest
test.
In MOSCOW Russian President Vladimir Putin said today that Pyongyang's claim it had successfully
tested a hydrogen bomb was a threat to regional peace and issued an appeal for calm.
North Korea's sixth and most powerful nuclear test "torpedoes the global non-proliferation
regime, violates UN Security Council resolutions and international law, and creates a threat
for regional peace and stability," Putin said in a phone call with Japanese Prime Minister
Shinzo Abe, according to the Kremlin.
Putin said the crisis on the Korean peninsula problems "should be resolved only by political
and diplomatic means," a Kremlin statement said.
The international community "should not yield to emotions, (but) act in a calm and balanced
manner", he added.
Earlier, the Russian foreign ministry said Pyongyang's "disregard" of UN Security Council
resolutions and international law deserved "the strongest condemnation".
The ministry said it regretted that the leadership of North Korea was "creating a serious threat"
for the region and warned that "the continuation of such a line is fraught with serious consequences"
for Pyongyang.
"We call on all interested parties to immediately return to dialogue and negotiations as the
only possible way for an overall settlement of the problems of the Korean peninsula,"
it said.
The ministry said Moscow remained committed to a joint Russian-Chinese proposal that would
see Pyongyang halt weapons tests in return for the United States suspending military
exercises in the region.
In NEW DELHI India today strongly condemned North Korea's nuclear test and asked the reclusive
nation to refrain from actions which adversely impact peace and stability in the Korean peninsula.
North Korea carried out its most powerful nuclear test to date today, claiming to have
developed an advanced hydrogen bomb that could sit atop an intercontinental ballistic missile.
External Affairs Ministry in a statement said it was a matter of deep concern that North
Korea has again acted in violation of its international commitments.
It said the action by North Korea was against the objective of the de-nuclearisation of
the Korean peninsula.
"We call upon North Korea to refrain from such actions which adversely impact peace
and stability in the region and beyond," the statement said.
"India also remains concerned about the proliferation of nuclear and missile technologies which
has adversely impacted India's national security," it added.
So what do you think of the BRICS happening today, will they Discuss anything about Doklam
or North Korean issue or all the countries to Condemn North for their Hydrogen test Happen
yesterday.
Post your Comments below And if you like this Video please Give a Thumbs-Up
And follow us on Social Networks And Subscribe to our Channel
And Thanks for Watching This is WC Daily
Think Big Think Different Bye
For more infomation >> Crime Stoppers: Police search for Mikaila Fryrear for bruttally attacking a woman - Duration: 1:53. 
For more infomation >> Descanso for man killed goes missing, family left heartbroken - Duration: 2:34. 
Không có nhận xét nào:
Đăng nhận xét